Information about energy usage for large businesses

When is a business classed as an industrial business?

In terms of energy, your business only becomes known as an industrial or big business if it exceeds the use of 55,000 kWh of electricity a year. Since big businesses use a lot of energy on a daily basis it is very important to make sure you are not being over charged on your energy bills. Depending on the location of your business or the size of the premises, determines how much a business will be paying for its energy.

Does a large business need a meter?

Since large businesses go through mass amounts of energy in days and even minutes, especially factories, warehouses and others which need a lot of energy to supply, these usually have half-hourly meters fitted. A half hourly meter works by sending information to your supplier every half an hour so you don’t need to update your supplier yourself and allows you to ensure your energy bills are efficient and don’t go over the price limit. You could also consider installing a smart meter which helps large businesses manage their energy and make sure your bills are efficient.

What is a multi site contract?

Handling more than one large business at a time can be extremely stressful and difficult to control and can be hard to manage different types of energy contracts for these different businesses. Multi site contracts make this much easier as it allows you to combine all your businesses energy contracts into one with one single supplier. All these contacts will have the same end date and therefore means you save much more money when purchasing in bulks.

What are the best energy deals?

When comparing contract types it’s important to choose the one that suits your business the most and can offer the most advantages for your company. For example, some contracts offer a fixed rate where the price of gas and electricity is set permanently but these do come with quite expensive exit fees which is a factor that should be considered when a business is choosing a contract. You can use comparison sites like electricity choice Texas to choose from different energy providers to see which of them will offer the most advantages to your business. Interruptible contracts also catch big businesses’ eyes and is when businesses have the choice to take out an interruptible contract. This is a deal when your unit rate is reduced and in return cut off your electricity supply during peak times. However, this would not be a very suitable deal for large or industrial businesses carrying out a lot of work during those peak times. Some businesses also go for a variable rate contract where the amount you pay for energy varies based on the whole energy market. With this contract your bills could possibly go up but also decrease if wholesale prices decrease too. Using Utility Bidder is a great way to get more information on these different types of energy contract deals and perfect for those with a big business who are looking to switch to a different type of energy contract to enhance their business.

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